Bitcoin’s market structure is once again drawing attention as dominance trends return to a pattern seen in previous cycles.
New chart shared by CryptoELITES highlights a recurring structure in Bitcoin dominance versus “others” dominance. Similar setups are marked in 2021, 2023, and now 2025, all aligned along a rising trendline. In each previous instance, dominance consolidated within a defined zone before continuing higher.
The current structure remains intact, with price action once again respecting the same upward trajectory. The chart does not suggest a completed move yet. Instead, it emphasizes that the outcome depends on how this specific zone resolves.
CryptoELITES frames the setup neutrally, noting that the chart itself is open to interpretation and that different market participants may read it in different ways.
Market patience ahead of a major macro event
Michaël van de Poppe’s commentary focuses on short-term market behavior rather than long-term structure. He notes being positively surprised by Bitcoin’s current price action, especially given the broader market hesitation.
According to his view, most participants are currently sideline and patient, waiting for the upcoming Bank of Japan event, which he describes as the most important macro catalyst of the month. He also points out that previous Bank of Japan decisions have triggered strong market reactions, leading many to expect a similar response again.
However, he expresses skepticism toward consensus expectations, arguing that when the majority anticipates one outcome, markets often move in the opposite direction.
Key technical levels in focus
Van de Poppe highlights $88,000 as a critical level for Bitcoin. A break above this zone would, in his words, return the market to a more constructive environment. Until that happens, price remains in a waiting phase, with multiple potential paths still open.
The attached chart outlines several support and bounce zones below current levels, indicating areas where reactions could occur if price moves lower before any breakout attempt.
A market at a decision point
Taken together, both visuals point to a market in transition rather than resolution. Bitcoin dominance continues to follow a familiar historical structure, while price action reflects caution and anticipation ahead of a major macro event.
For now, the trend remains intact, key levels are clearly defined, and the next decisive move depends on how this consolidation phase plays out.
